Common use of Mortgagee’s interest, additional perils Clause in Contracts

Mortgagee’s interest, additional perils. The Security Trustee shall be entitled from time to time to effect, maintain and renew all or any of the following insurances in an amount equal to 120 per cent. of the Loan in the case of the mortgagee’s interest marine insurance referred to in paragraph (a) below and in an amount equal to 110 per cent. of the Loan in the case of the mortgagee’s interest additional perils policy referred to in paragraph (b) below, on such terms, through such insurers and generally in such manner as the Majority Lenders may from time to time consider appropriate:

Mortgagee’s interest, additional perils. The Security Trustee shall be entitled from time to time to effect, maintain and renew all or any of the following insurances in an amount equal to 120 per cent. of the Loan in the case of the mortgagee’s interest marine insurance referred to in paragraph (a) below and in an amount equal to 110 per cent. of the Loan and in the case of the mortgagee’s interest additional perils policy insurance referred to in paragraph (b) below, on such terms, through such insurers and generally in such manner as the Majority Lenders may from time to time consider appropriate:

Mortgagee’s interest, additional perils. The Security Trustee shall be entitled from time to time to effect, maintain and renew all or any of the following insurances in an amount equal to 120 per cent. of the Loan in the case of the mortgagee’s interest marine insurance referred to in paragraph (a) below and in an amount equal to 110 per cent. of the Loan in the case of the mortgagee’s interest additional perils policy referred to in paragraph (b) belowLoan, on such terms, through such insurers and generally in such manner as the Majority Lenders may from time to time consider appropriate:

Mortgagee’s interest, additional perils. The Security Trustee shall be entitled from time to time to effect, maintain and renew all or any of the following insurances in an amount equal to either (a) 120 per cent. of the Loan in or (b) the case aggregate of the mortgagee’s interest marine insurance referred to in paragraph (ai) below and in an amount equal to 110 per cent. cent of the Loan in and (ii) the Swap Exposure as determined on the date on which such insurances are effected or renewed, as the case of the mortgagee’s interest additional perils policy referred to in paragraph (b) belowmay be at any time, on such terms, through such insurers and generally in such manner as the Majority Lenders may from time to time consider appropriate: